ITR Return upload error regarding In schedule BP amount of "income from other source" reduced from profit and gain of business and profession not tally

ITR Return upload error regarding In schedule BP amount of "income from other source" reduced from profit and gain of business and profession not tally

ITR Return upload error regarding schedule BP - "In schedule BP amount of "income from other source" reduced from profit and gain of business and profession not tally with sum of (Gross income chargeable to tax at normal applicable rates income chargeable at special rate income chargeable u/s 115bbe)"





Possible Solution - 


In case any amount is reduced from credit side of profit and loss account to be shown under any other head of income, please ensure that the same is correctly reported in the corresponding head of income

Example - 


In the above illustration, the total income in other sources is 14089, now that we have been reduce to the income of other sources in expenses (credit side of profit and loss account), it should not be more than other source income.







Hope this Helps



    • Related Articles

    • Income Tax Xml upload error regarding schedule 112A

      Income Tax  Xml upload error regarding schedule 112A  - "In Schedule 112A , Col 6 Total Sale Value in not equal to Col. 4*Col. 5 " Possible Regulation  The main reason of this error that value of  "No. of Shares/Units " and "Sale-price per Share/Unit ...

    • XML upload error regarding ICDS adjustment

      XML upload error regarding ICDS adjustment  Possible Solution  Example 1  In the case of  "Increase in the profit or decrease in loss because of deviation, if any, as per Income Computation Disclosure Standards notified under section 145(2) [column ...

    • XML Upload error regarding schedule DPM

      XML Upload error regarding schedule DPM - "Sr. no 6 in schedule DPM should be equal (3+4+5) Or enter  zero if result in negative " possible Solution Here, this error basically coming coming for deprecation rate 45% , As per income tax act the rate ...

    • Return Upload error regarding "In schedule EI"

      Return Upload error regarding "In schedule EI Sl.no 7 Should be equal to sum of individual fields of schedule" Possible Solution :-  This error is coming because dividend income is entered in the exception head.  From F.Y 2020-21, Section 10(34) has ...

    • Schedule CYLA: Statement of income after set off of current year's losses

      Schedule CYLA: Statement of income after set off of current year's losses If the net result of computation under the head ‘income from house property’, ‘profits and gains from business or profession’ and ‘income from other sources’ is a loss figure, ...